Corporate Compliance Management (CCM) is the new buzzword of the industry. CCM ensures organizational efficiency, transparency as well as investor confidence. Ever evolving laws and regulations have placed immense responsibilities on Directors and Managerial Personnel of Companies who must protect the interest of all stakeholders.
Thus, an audit of records and documents by an external professional services firm is vital in ensuring that all required compliances are in place and in seeking advice on the corrective measures that need to be taken, in case discrepancies or incidents of non-compliance are noted.
What is Secretarial Audit?
Secretarial Audit is an audit to check compliance of various legislations including the Companies Act and other corporate and economic laws applicable to the company.
The Secretarial Auditor expresses an opinion as to whether there exist adequate systems and processes in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations, and guidelines. Secretarial Audit helps to detect the instances of non-compliance and facilitates taking corrective measures. It audits the adherence of good corporate practices by the company.
It is, therefore, an independent and objective assurance intended to add value and improve the operations of the Company. It helps to accomplish the organization’s objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Secretarial Audit thus provides necessary comfort to the management, regulators and the stakeholders, as to the statutory compliance, good governance and the existence of proper and adequate systems and processes.
Secretarial Audit: The Companies Act, 2013 has introduced Secretarial Audit as a new class of audit which is mandatory for
every listed company and
every public companies having a paid up capital of Rs. 50 Crores or more, or
ever public company having a turnover of Rs. 250 Crores and more, or
The scope of audit covers compliance to all the laws applicable to the corporate in addition to the Companies Act, 2013, SEBI and other Securities laws, Foreign Exchange Management Act, Labour Laws as well as the Secretarial Standards issued by ICSI.
We adhere to the highest standards of professional ethics while undertaking the Audit to ensure that the spirit of the law is abided.
Corporate Governance Audit
Legal Documentation Audit